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3, Repg pent of the Loan. Trustor will promptly repay, when due, ffic
<br />principal loan amount, as required by the City HOME Promissory Note secured by this
<br />Deed of Trust.
<br />4. Subordination. This obligunon secured by this Deed of Trust shall be
<br />subordinated to the Senior Loan, but the City's Affordability Restrictions onTransfier of
<br />Property shall remain in first place.
<br />5. Prior Mortgages and Deeds of Trust Charges; Liens. Trustor shall perform
<br />all of` ruster's obligations tinder any mortgage, decd of trust or other secutityagrecinent
<br />with a lien which has priority over this instrument, including Trustor's covenants to make
<br />payments when due (subject to an applicable notice and cure provisions). Trustor will pay
<br />all (axes, assessments and other charges, Rues and impositions attributable to the Seculity
<br />which may attain a priority over this Deed of Trust, byThistor making any payment, when
<br />due., directly to the payee thereof. Truster will promptly furnish to the Beneficiary all
<br />notices of amounts due tinder this paragraph, and in the event Trustor makes payment
<br />directly, Trustor will promptly discharge any lien which lifts priority over this Deed of Trust;
<br />provided that Trustor will not be required, to discharge the lien of the Deed of Trust scouring
<br />any senior lender or tiny other lien described in this paragraph so long as Trustor will agree
<br />in ,writing to the payment of the obligation secured bysuch lien in a manner acceptable to
<br />(lie Beneficiary, or will, in good faith, con(est such lien by, or deforid enforcement of such
<br />lien in, legal proceedings which operate to prevent the criforccuient of the lien or forfeiture
<br />of the Security or any part thereof.
<br />6. flaZard Insurance. Truster will keep the Security insured by such insurance,
<br />policies in such aniounts, and for such periods as called lbr in the Agreement All insurance
<br />policies and renewals thercof will include a standard uwwtgagee clause - with standard
<br />lender's endorsement in Cavor of the holder of any senior lender and the Beneficiary as their
<br />The Beneficiary shall
<br />have thierigitt to hold, or cause its designated agent to hold, the policies and renewals
<br />thereof, and Trustor shall promptly furnish to the Beineficiary, or its designated agent, the
<br />original insunntce policies or certificates of insurance, all Mnewal notices and all receipts of
<br />paid premiums. In (lie event of loss, Trustor will give prompt notice to the insurance carrier
<br />and the Beiieficitu-y or its designated agent, `the Beneficiary, or its designated agent, may
<br />make proof of loss if not made promptly by Trustor. Via Burieficiary shall receive 30 days
<br />advance notice of cancellation of any insurance policies required tinder this Section.
<br />Unless the BenQficiary and,rrustor otherwise agree in writing, insurance proceeds,
<br />subject to the rights of any senior lender, will be applied it) restoration or repair of the
<br />Security damaged, provided such restoration or repair is economically reasihic and the
<br />s
<br />sceurity of this Deed of Trust is not thereby impaired, If such restoration or repair is not
<br />economically f4asibic or if the security of (his Deed of Trust would be impaired, again,
<br />subject to the rights of tiny senior lender, the insurance proceeds will be used to repay the
<br />loan secured by this Deed of Trust, tkrith the excess,, if any, paid to Trustor. Ir the See unity is
<br />abandoned by Trustor, or if Trustor ffiils to respond to the Beneficiary, or its designated
<br />agent within 30 days froin the (late notice is mailed by either of them to Trustor that the
<br />25B-59
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